question category: IVA

What is an Interim Order?
Submitted on: 5th Nov 2008 by Non-Member | Total Answers: 1

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Interim Order

An IVA can take between 5 and 8 weeks from first contact to the creditors meeting where you hope to have your IVA agreed. In the meantime if your debts are really serious it’s possible that creditors may continue to take legal action against you. This often comes in the form of a bankruptcy petition, or charge on your property. If this is the case then an Interim Order offers the necessary protection. An Interim Order is applied for at your local County Court and once lodged, you are protected from both the commencement and the continuation of any action against you. This allows the IVA application to continue unhindered.

Submitted on: 5th Nov 2008 by TA Member

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